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Colin Clark

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Why I Love the Cloud Today – Easy Peasy FIX in the Cloud

We’re working with a customer who’d like to send us information using the FIX protocol.  FIX is used in electronic trading for sending orders and receiving executions from brokers, ecn’s, and exchanges.

DARKSTAR SPEAKS FIX

DarkStar, our cloud based, distributed event processing engine that incorporates streaming map/reduce and complex event processing, speaks FIX.  We use the QuickFIX open source FIX engine.  You can find it here.  It’s free.  We include this as a standard OnRamp (OnRamps are used to inject information into DarkStar) and we don’t charge for it.  We’re the only CEP vendor that includes FIX support for free.

DEPLOYMENT (GENTLEMEN, START YOUR STOP WATCHES..)

We have a standard OnRamp image.  One simply logs into our cloud, and deploys another virtual machine using the OnRamp image and our customer gets a dedicated VM to handle their FIX connection to their DarkStar cluster.  The OnRamp image already knows how to inject events into DarkStar, so we set a couple of configuration settings for the FIX engine, and we’re ready to start testing.  Really, that’s it.  The client’s FIX messages (events) are now ready for dynamic, CEP based query and streaming map/reduce style analysis.  Total time?  Less than 5 minutes.

CLOUD ISN’T NECESSARILY SaaS

If your SaaS doesn’t leverage elastic resource (like just spooling up a VM and instant-presto-change-o it’s available to do work), then it’s not really cloud based.  So while your can certainly make applications available via the cloud, taking the necessary steps to utilize elastic resource can have a fantastic ROI.  Like I pointed out above – a new FIX connection, running on a dedicated VM in less than 5 minutes.

AND AS ALWAYS

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More Stories By Colin Clark

Colin Clark is the CTO for Cloud Event Processing, Inc. and is widely regarded as a thought leader and pioneer in both Complex Event Processing and its application within Capital Markets.

Follow Colin on Twitter at http:\\twitter.com\EventCloudPro to learn more about cloud based event processing using map/reduce, complex event processing, and event driven pattern matching agents. You can also send topic suggestions or questions to colin@cloudeventprocessing.com